Breaking news
The drumbeat for a cut in interest rates is building, with money markets betting on a reduction as soon as January 30 when the Monetary Policy Committee meets. Some 62 per cent of traders have placed deals which point to a quarter of a percentage point cut in the bank rate to 0.5 per cent. This … Read more
Santander’s shock move to slash the interest rate on its popular 123 account and cap how much cashback customers can earn is deeply disappointing. When the 123 account was launched amid enormous fanfare in 2012 it paid customers up to 3 per cent interest on balances up to £20,000, and up to 3 per cent … Read more
The former chief executive of Persimmon, Jeff Fairburn, and his successor David Jenkinson, will never be able to fully escape the stain of their fat cat bonuses. After a City row over Fairburn’s original payout of more than £100million, it was reduced to £82million (over two years) and Jenkinson received £43.2million. The final insult was … Read more
RUTH SUNDERLAND: The scandal over Boeing’s ‘flying coffin’ 737-Max jets could not have come at a worst time for the airline sector – or for Boris Johnson Boeing’s lack of real competition other than Airbus breeds arrogance CEO Dennis Muilenburg retires with £64m in shares, a pension and options There could also be an impact … Read more
JEFF PRESTRIDGE: Why the City’s regulator has no business to be smug By Jeff Prestridge for The Mail on Sunday Published: 22:02 BST, 11 January 2020 | Updated: 11:24 BST, 12 January 2020 Those who sit in the splendid offices of the Financial Conduct Authority out in booming Stratford, East London, are probably feeling a … Read more
MAGGIE PAGANO: The High Street is turning into a tale of two halves with customers chasing either value for money or quality By Maggie Pagano For The Daily Mail Published: 21:50 BST, 10 January 2020 | Updated: 09:36 BST, 11 January 2020 One of the world’s top trend setters recently came up with the starkest … Read more
Oh dear! Marks & Spencer now has a skinny jeans problem. It was left with a jeans mountain because its buyers ordered far too many of its new ‘skinny and slims’ ranges, but also too few in larger sizes. That meant that loads of skinny fit jeans were left dangling on the sales racks. It … Read more
John and Irene Hays of Hays Travel stepped up to pick up some of the pieces of the Thomas Cook bust Which of Britain’s business leaders performed as well as they were paid… Those who did: John and Irene Hays, Hays Travel From the wreckage of Thomas Cook’s tragic collapse came at least one good … Read more
ALEX BRUMMER: For London’s insurance market the Australian conflagration is a real and present danger By Alex Brummer City Editor For The Daily Mail Published: 23:00 BST, 2 January 2020 | Updated: 08:30 BST, 3 January 2020 Mark Carney has been banging on about climate change since the autumn of 2015. Among sceptics, his speech … Read more
There is a terrific scene at the movie The Big Short, based on Michael Lewis’s brilliant book on the financial crisis, where the director Adam McKay imagines a different ending. Instead of the Wall Street bankers who caused the crash escaping to their luxury Florida villas and yachts, the FBI arrives on the trading floors … Read more